Company No: 8711964 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	10,232		4,866
		10,232		4,866
Current assets
Debtors	4	582,266		204,237
Cash at bank and in hand	5	509,459		542,755
		1,091,725		746,992
Creditors: amounts falling due within one year	6	( 231,051)		( 236,472)
Net current assets		860,674		510,520
Total assets less current liabilities		870,906		515,386
Creditors: amounts falling due after more than one year	7	0		( 11,333)
Provision for liabilities	8, 9	( 2,557)		( 2,434)
Net assets		868,349		501,619
Capital and reserves
Called-up share capital	10	1,000		1,000
Profit and loss account		867,349		500,619
Total shareholder's funds		868,349		501,619

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Transatlantic Entertainment Ltd (registered number: 8711964) were approved and authorised for issue by the Director. They were signed on its behalf by:

Gideon Joseph Director

17 September 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Transatlantic Entertainment Ltd (the company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	8		6

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2025	9,290		9,290
Additions	7,878		7,878
Disposals	( 458)		( 458)
At 31 December 2025	16,710		16,710
Accumulated depreciation
At 01 January 2025	4,424		4,424
Charge for the financial year	2,444		2,444
Disposals	( 390)		( 390)
At 31 December 2025	6,478		6,478
Net book value
At 31 December 2025	10,232		10,232
At 31 December 2024	4,866		4,866

4. Debtors

	2025		2024
	£		£
Trade debtors	93,060		89,400
Other debtors	489,206		114,837
	582,266		204,237

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	509,459		542,755

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	3,333		0
Trade creditors	31,993		19,980
Taxation and social security	111,654		138,077
Other creditors	84,071		78,415
	231,051		236,472

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		11,333

There are no amounts included above in respect of which any security has been given by the small entity.

8. Provision for liabilities

	2025		2024
	£		£
Deferred tax	2,557		2,434

9. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 2,434)		( 1,037)
Charged to the Statement of Income and Retained Earnings	( 123)		( 1,397)
At the end of financial year	( 2,557)		( 2,434)

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000